KWST Executive Council approves 187.5bn revised budges to state house

The Kwara State Executive Council has approved the presentation of N187 billion,531 million ,705 thousand , 929.00 revised budget to the House of Assembly.

The revised estimate represents a shortfall of N2billion and 85 million,781thousand ,695, or 1.1%, from the approved 2022 budget of N189.6bn.

The council approval was given on Thursday following a presentation of the estimates and performance of the approved budget by the state Commissioner of Finance, Florence Olasumbo Oyeyemi.

Oyeyemi said 52.34% of the revised budget will go for recurrent, while capital expenditure will gulp the remaining 47.66%.

The Commissioner said the recurrent peaked partly to accommodate rise in personnel cost (such as full implementation of the minimum wage in the mainstream civil service, agencies and parastatals of the state government, including the Colleges of Education) and other overhead items.

The Council chaired by the governor Abdulrahman Abdulrasaq placed emphasis on ongoing capital projects and consistent payment of the new minimum wage across board.

The proposal is expected to be submitted to the parliament soon.

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